RTX Corporation (RTX) To Go Ex-Dividend on May 22nd

RTX Corporation (NYSE:RTX) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.73 per share on Thursday, June 11th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 7.4% increase from RTX’s previous quarterly dividend of $0.68.

RTX has decreased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 5 years. RTX has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RTX to earn $7.53 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 38.8%.

RTX Price Performance

Shares of NYSE:RTX opened at $174.51 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $190.53 and its two-hundred day simple moving average is $188.77. RTX has a 1-year low of $130.90 and a 1-year high of $214.50. The stock has a market cap of $235.00 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period last year, the business earned $1.47 EPS. The business’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts forecast that RTX will post 6.91 EPS for the current fiscal year.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the sale, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,698,105.60. This represents a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 63,592 shares of company stock worth $13,023,502 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas bought a new stake in RTX in the 3rd quarter valued at about $25,000. Navalign LLC bought a new stake in RTX in the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX in the 4th quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new stake in RTX in the 3rd quarter valued at about $30,000. Finally, Core Wealth Advisors LLC bought a new stake in RTX in the 4th quarter valued at about $31,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.